2000 N Bayshore Dr APT 506MiamiFL33137
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who treat current yield as secondary to long-run equity growth will find 2000 N Bayshore Dr APT 506, Miami, FL, 33137 in Miami worth modelling. At $380,000 with a 10.51% gross yield, the $3,328/mo rent leaves $82/mo after the $1,709/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.95 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $104,987 by year five; $3,500/yr in principal reduction adds further equity. Total projected return: $196,734.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 5.8% |
| Monthly Cash Flow | $82 | $1,850 |
City averages based on Miami market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,328 |
| Total Monthly Debt Service | $2,371 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33137, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,753 (100%) |
| Owner Occupied HU | 3,908 (19.8%) |
| Renter Occupied HU | 12,017 (60.8%) |
| Vacant Housing Units | 3,828 (19.4%) |
| Median Home Value | $698,126 |
| Average Home Value | $916,297 |
Housing Distribution
Address Breakdown
Residential
16,819
Single Family
2,312
Multi-Family
14,507
Businesses
1,609
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33137, Miami, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,753 (100%) |
| Owner Occupied HU | 3,908 (19.8%) |
| Renter Occupied HU | 12,017 (60.8%) |
| Vacant Housing Units | 3,828 (19.4%) |
| Median Home Value | $698,126 |
| Average Home Value | $916,297 |
Housing Distribution
Address Breakdown
Residential
16,819
Single Family
2,312
Multi-Family
14,507
Businesses
1,609
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices